What happened in the U.S markets in the last week?

On Friday (October 10, 2014), the U.S stock markets were down.  The Dow Jones Industrial Average (DJIA) fell by 0.69%, to 16,544.10; the S&P 500 (SPX) decreased by 1.15%, to 1,906.13; the Nasdaq Composite (COMP) fell by 2.34%, to 4,276.14.

On weekly basis, DJIA decreased by 465.59 points or 2.7%; S&P 500 decreased by 61.77 points or 3.1%; Nasdaq Composite fell by 199.38 points.

On the year-to-date basis, DJIA decreased by 0.20%, S&P 500 rose by 3.13%, and Nasdaq Composite increased by 2.39%.

Last week, U.S. investors focused on the following developments;

  1. Last week, U.S. markets had big fluctuations on daily basis.
  1. International Monetary Fund (IMF) released its new world economic report. In report, it has lowered the global economy growth forecast for 2014 and 2015, respectively 3.3% and 3.8%, showing the weaknesses in Euro-zone, Japan and emerging countries’ economies as reasons.
  1. Fed Minutes released this week from the Federal Reserve’s September 16-17 policy meeting has indicated some Fed members has been worried about the slowdown in global economy and negative effects of strong dollar on U.S. exports.
  1. Concerns on German economy increased due to the released data for the economic activity in August. German industrial production fell by 4% in August, factory orders decreased by 5.7%, and exports fell by 5.8%.
  1. Chinese services PMI index fell to 53.5 in September from 54.1 in August.
  1. US weekly initial jobless claims fell by 1.000 to 287.000, which is lower than the estimate of 293.000. The four-week moving average fell 7.250 to 287.750.
  1. Japan’s machinery orders rose 4.7% in August.